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Governance, Risk, and Compliance

Mitigate Against Potential Litigation Threats with Effective Contract
Management Practices
Why do contracts continue to be a major contributor to the threat of potential litigation?
One major reason are the numerous types of contracts in use, residing in various
departments throughout an organization, for example:
Sales department: customer and partner contracts
Marketing: PR and event management contracts
Facilities Management: building and service related contracts
Procurement: sourcing contracts
Human Resources: employee contracts
IT and R&D: contractor contracts
In addition there are many other types of agreement in use such as Non-Disclosure
Agreements, Software Licensing Agreements, Memorandums of Understanding, etc.
These may also contain explicit or implicit obligations, which without proper governance
and management may become a source of potential litigation. Even medium sized
organizations can have thousands of these types of contracts, residing in various physical
locations, on various types of media, and in a variety of formats.
Given this kind of environment, how can anyone possibly know what risks of potential
ligation may exist due to unfilled obligations or non-compliance with legislation or
regulation? There is a need to locate all existing contracts, extracting all key information,
to assess obligations and potential compliance risks. This could be done manually, but it
would be time consuming and very expensive, if achievable. So what other options are
there to implement a contract management solution addressing these key concerns?

How Can Seal Contract Discovery Give You the Answers?

Using advanced technology, capable of learning as it goes, Seal offers a fast, economical
and automated process to find your contracts wherever they may reside. Seal extracts
over 50 key contractual terms, providing a contract abstract for speedy review, meaning
far fewer contracts require costly manual review. The result is a fully searchable, cleansed
contract repository ready to be used in existing or planned enterprise systems, including
Contract Lifecycle Management (CLM) and Client Relationship Management (CRM).
www.seal-software.com
Copyright 2016. Seal Software Limited. All rights reserved.

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How Seal Contract Discovery Works for You

Discovers contract documents stored on hard drives, network drives, software
solutions, file shares, etc.
Recognizes contract documents stored as text, DOC, PDF, image and other formats.
Copies the discovered files to a secure, protected location.
Ensures the discovered contractual documents as well as terms/clauses within those
documents can be easily searched.
Identifies high risk and high value clauses.
Can load the contract documents it discovers into new or existing CLM, CRM and other
systems.
Fast deployment results in hours

What Should You

Do Now?
If your organization needs
answers to your contract
questions, get in touch with
Seal today to learn more and
see Seal Contract Discovery
in action by requesting a
demonstration.

Contact Seal
Americas Headquarters
201 Mission Street, Suite 2250
San Francisco
CA 94105. USA.
T: + 1 650 938-SEAL (7325)
info@seal-software.com

European Headquarters
1-2 Hatfields, Waterloo
London
SE1 9PG, United Kingdom.
T: + 44 203 735 9898
info@seal-software.com

www.seal-software.com
Copyright 2016. Seal Software Limited. All rights reserved.